IRS Gives 3 Month Tax Extension, Tax Day Now July 15th, How it Affects You – The Credit Shifu

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The IRS has extended the tax filing deadline to July 15th 2020, an extension of 3 months. This is another way the US government is helping people cope with the 2020 recession. However, you may want to still file early, especially if you are owed a tax refund.

#2020recession #taxday #irs
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14 comments

Casey Burns Investing March 23, 2020 - 4:36 pm

It seems like most estimates say this will be over by July-August or so now 🧐

Reply
Daniel Iles March 23, 2020 - 4:47 pm

If anyone has already scheduled their payment you can call in and postpone this for a couple more months!

Reply
Mark Plymale March 23, 2020 - 4:52 pm

Sweet now I can hold off paying even longer haha

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who is making the claim? March 23, 2020 - 5:33 pm

is someone claiming man owes a tax?

Reply
Andrew Weiss March 23, 2020 - 5:36 pm

Problem is i had applied for a new credit card in February to get a sub by paying my taxes, cant get my sub, and get the
extension.

Reply
Andrew Weiss March 23, 2020 - 5:39 pm

Ca has extended filings and payments to July 15th.

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whatmeyes2010 March 23, 2020 - 6:00 pm

Hi the best tax advise is file a valid return ASAP. Don't delay filing because you can't afford to pay. The reason is, the statute of limitations for IRS and states to collect taxes starts when the return is filled.

Sincerely yours

A Tax Professional who specializes in Resolution.

P.S. Can't afford to pay your taxes? Now is a good time to get on an Instalment Agreement.

Reply
Orlando March 23, 2020 - 6:48 pm

What about the persons that already file and are waiting for the money?

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Valentino Nunez March 23, 2020 - 8:47 pm

Exactly what I was thinking the other day. Thanks man!

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Jordan Laramore March 23, 2020 - 11:26 pm

Glad I don't pay state income tax

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Jack Hake March 24, 2020 - 1:16 am

Paid my taxes to hit the 80k signup bonus on the CIP. Not to bad of a deal.

Reply
laughfaster1 March 25, 2020 - 4:49 pm

How will this virus situation in general affect credit in situations where people aren’t required to pay in this volatile situation? For example: renters being barred from evictions and therefore you’re racking up debt until the situation is cleared up and evictions are allowed again. Will we take hits on our credit?

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marty tovar March 25, 2020 - 5:38 pm

I have a question if got a letter asking for additional info on March 4th after I e-filed on feb 17th. I faxed paper work 1095A & 8962 form . My status hasnt changed 2 find out when I will receive my tax refund? I'd appreciate any answers?

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